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YES Bank Collapsed !! Who is next? Is it Kotak Mahindra Bank Limited?

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The Enforcement Directorate has also issued a lookout notice against Rana Kapoor, Ex-promoter & Director of YES Bank to keep him from leaving the country. ED officials are reportedly recording Kapoor’s statement in connection with DHFL scam, where the company siphoned off Rs 13,000 crore via 79 shell companies. YES, Bank had extended massive loans to DHFL, which later turned bad, adding to the bank’s losses, reports said.

This is serious of banking fraud in the country in which IL&FS, Dewan Housing Finance Limited, and PMLC Bank are included. Now a question  arises Who is next?

FIR No. 120/2019 registered against Kotak Mahindra Bank Ltd and six other accused including Mr. Uday S. Kotak, MD & CEO

As reported earlier an FIR No. 0120/2019 dated 19/10/2019 has been registered at PS Barakhamba Road, New Delhi against Kotak Mahindra Bank Ltd and six other accused including Mr. Uday S. Kotak, MD & CEO, for their role in a scam of forgery of documents vide order dated 14.10.2019 of MM Patiala House Courts, New Delhi who has taken view that as the matter requires investigation by police, several documents are to be collected and verified and a number of persons are to be examined.

After registration of the said FIR for committing fraud and forgery by Kotak Mahindra Bank and others including Uday S. Kotak and Anand Mahindra, Bagla family has also filed a complaint with the Court of Chief Metropolitan Magistrate, New Delhi, under Section 200 r/w 190 Cr. P.C. for taking cognizance of offenses Committed U/s 211 (IInd Part), 499/500, 501, 502 r/w 120B/34 IPC, against Kotak Mahindra Bank Ltd & others.

In the complaint apart from one Virendra Kumar Sharma, Kotak Mahindra Bank and its Directors & Company Secretary and other officers namely Mr. Uday Suresh Kotak, Managing Director, The Regional Manager, Kotak Bank (Delhi & NCR), Mr. Anand Mahindra, Mr. Shivaji Dam, Mr.Chengalath Jayram, Dipak Gupta, Ms.Bina Chandarana, Company Secretary, Mr. Chandra Shekhar Prasad (The Then Deputy Manager, Legal),  Mr. Sanjay Kumar, Officer, Kotak Bank, and CVIL Infra Limited and Bennett Coleman & Company Ltd., were made accused.

It has been alleged in the complaint that the above named accused in connivance with the each other, falsely implicated one Bhupendra Bagla son of Dr. Santosh Kumar Bagla (a renowned business family based at Mumbai & Delhi) in a criminal case by using forged and fabricated documents created and used by the above named accused.

Transfer of FIR No. 120/2019 to DIU/NDD Mandir Marg, New Delhi

Further, on filing the status report on 10.12.2019 in FIR No. 120/19 U/s 420/34 IPC has been registered on 19.10.2019 and the case was entrusted to SI Sanjay Kumar P.S. Barakhamba Road, New Delhi. Thereafter, the case file was transferred to DIU/NDD, Mandir Marg and further investigation is being taken over by SI Sanjay Kumar, DIU/NDD.

Subsequently, DIU/NDD issued Notice U/s 91 Cr. PC to Mr. Uday Kotak  (Vice- Chairman & Managing Director), Mr. Chengalath Jayaram (Joint Managing Director), Mr. Deepak Gupta (Director) and the Concerned Officials, where he has directed all the above to produce the required documents/articles before the undersigned within three days of receipt of the said Notice.

Complaint about Malicious Prosecution and defamation by Bagla family against Kotak Mahindra Bank and others including Uday Kotak and Anand Mahindra.

After registration of an FIR for committing fraud and forgery by Kotak Mahindra Bank and others including Uday S. Kotak and Anand Mahindra, Bagla family has also filed a complaint with the Court of Chief Metropolitan Magistrate, New Delhi, under Section 200 r/w 190 Cr. P.C. for taking cognizance of offences Committed U/s 211 (IInd Part), 499/500, 501, 502 r/w 120B/34 IPC, against Kotak Mahindra Bank Ltd & others. 

Direction of PMO to the Secretary, Department of Financial Services (Banking Division) in the matter of conspiracy and forging and fabricating of documents by Kotak Mahindra Bank.

Bagla family has sent a Representation / Complaint dated 14th August 2019, against the frauds, forgery, and illegalities of Kotak Mahindra Bank and its officials for taking appropriate action against Mr. Uday Suresh Kotak, MD & CEO and his other associates i.e. Directors/officials of Kotak Mahindra Bank and other person involved in the conspiracy of committing the offense against the Bagla family, to Hon’ble President of India, Prime Minister of India & Other Central & State Government authorities.

The PMO had directed the Secretary, Department of Financial Services (Banking Division) for action as appropriate in the matter of complaint against Kotak Mahindra Bank Limited, its MD & CEO Mr. Uday S. Kotak and other senior officials for alleging conspiracy, fraud and forgery of some documents. [Ref: Replies dated 03/09/2019 and 04/09/2019 from PMO with Registration No. PMOPG/D/2019/0318007 & PMOPG/ D/2019/ 0320812].

Bagla family has received replies from President Office dated 23/08/2019 with Registration No. P1/E/2308190138, wherein the Complaint of the Applicants was transferred to “The Secretary, Ministry of Finance for action as appropriate”. Also, other authorities/office has issued the instruction of the Secretary of Finance to take the action in the said matter.

New strategies of Kotak Mahindra Bank Limited to divert the issue of forgery and fabrication of documents.

As the Kotak Bank is under investigation and has to face the consequence of FIR/Complaints registered against them, therefore, after registering an FIR, Kotak Mahindra Bank Limited has made a miscellaneous application before the DRT for return of original documents filed along with original application bearing no. 57 of 2009. It is also interesting to note that forged and fabricated documents including one affidavit and a power of attorney both dated 24.08.2007 was filed by Kotak Mahindra Bank Limited before DRT as a Copy of the document. No original documents were filed by Kotak Mahindra Bank Limited. This is a tactic of the Kotak Mahindra Bank only for the delay and diverts the matter.

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Health & Beauty

LEAFOBERRYY Launches the Perfect Winter-Festive Duo for Nourished, Radiant Skin

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LEAFOBERRYY COMBO

With the winter chill setting in and festive glow taking over, LEAFOBERRYY — the premium Indian skincare brand that beautifully marries traditional nuskhe with modern formulation science — unveils the ideal duo for this season: the Himalayan Yoga Glow Cream and Chia Seed Fusion Shower Gel. Thoughtfully crafted to restore hydration, vitality, and radiance, this pairing is designed to make your skin look as joyful as the celebrations around you.

LEAFOBERRYY HIMALAYAN YOGA GLOW CREAM

Awaken Your Skin with Chia Seed Fusion Shower Gel

Winter often leaves the skin feeling dry and fatigued, but LEAFOBERRYY’s Chia Seed Fusion Shower Gel turns your everyday shower into a deeply hydrating ritual. At the heart of this indulgent cleanser lies Chia Seed Extract, a natural powerhouse rich in omega-3 fatty acids, antioxidants, proteins, and essential minerals. Together, these nutrients help reinforce the skin barrier, maintain moisture, and protect against free radical damage caused by cold, dry air.

LEAFOBERRYY CHIASEED FUSION SHOWER GEL

The gel’s luxurious, lightweight foam gently removes impurities without disrupting the skin’s natural oils, ensuring your skin feels clean yet nourished. It refines texture, evens tone, and keeps dullness at bay, leaving behind a soft, supple finish. What makes it truly special is its IFRA-certified, alcohol- and chemical-free fragrance, which wraps the skin in a delicate, uplifting scent that lasts all day — a sensory treat that feels like self-care in a bottle.

Perfect for everyday use, this shower gel is your first step toward hydrated, radiant skin this winter.

 luxurious, lightweight foam gently removes impurities without disrupting the skin's natural oils

Price: ₹639 for 200ml
Buy here: leafoberryyskincare.com/products/chia-seed-fusion-shower-gel

Restore and Radiate with Himalayan Yoga Glow Cream

Inspired by the oxygen-rich altitudes of TibetLEAFOBERRYY’s Himalayan Yoga Glow Cream brings the calm, balance, and vitality of a yoga session to your skin. Powered by Tibetan botanicals and Red Ginseng, this advanced oxygen-boosting formula works to revive fatigued skin, enhance circulation, and restore natural luminosity.

Red Ginseng, revered for centuries for its energizing and firming properties, helps combat early signs of aging while improving elasticity and tone. The Tibetan herbal blend supports oxygenation, ensuring skin receives optimal nourishment and stays resilient against environmental stress.

Its silky, lightweight texture absorbs instantly, leaving no residue — only smooth, radiant skin that feels alive and rejuvenated. With continued use, it minimizes dullness, restores firmness, and imparts a youthful, yoga-like glow that lasts well beyond the festive season.

Price: ₹1,599 for 50gm
Buy here: leafoberryyskincare.com/products/leafoberryy-himalayan-yoga-glow-cream

LEAFOBERRYY products are Vegan, Cruelty-Free, SLS & Paraben-Free, and IFRA & ISO Certified, reflecting the brand’s commitment to mindful, safe, and effective skincare.

Also Available On: Amazon, Smytten and coming soon on  Blinkit, Myntra, Purplle & more

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Interview

Bridging Cultures Through Wine: An Interview with Mihai Necula, Export Business Development Manager at Cotnari Wines

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An Interview with Mihai Necula, Export Business Development Manager at Cotnari Wines

Romania’s Cotnari Winery is one of the oldest and most celebrated names in Eastern Europe’s wine heritage. With a legacy that stretches back centuries, Cotnari is now expanding its footprint across the globe — including in India. We spoke with Mihai Necula, Export Business Development Manager at Cotnari Wines, to learn about his journey, motivations, and the brand’s vision for connecting Romanian authenticity with global audiences.

Cotnari Romanian Wines India market launch

From Business to Wine: A Journey of Passion

“I have a background in international business and marketing,” Mihai begins. “My journey into the wine world came from both passion and curiosity for authentic products that carry cultural identity. Working with Cotnari allowed me to blend professional experience with heritage — wine isn’t just a product, it’s a story that connects people, cultures, and traditions.”


Motivated by Heritage and Connection

For Mihai, representing Romanian excellence is more than a job; it’s a mission.
“My greatest motivation comes from helping people around the world discover our native grape varieties. Every partnership and every glass of Cotnari wine enjoyed abroad proves that heritage and authenticity still matter.”


Cotnari’s New Chapter in India

India marks a new beginning for Cotnari. “We’re in the process of establishing our first strategic partnerships,” Mihai explains. “Our aim is to collaborate with select distributors and hotel groups who value authenticity and long-term cooperation. We’re proud to be the first Romanian winery officially introducing our wines to India.”


Building Sustainable Growth

“Our plan in India is to build a sustainable presence through premium distribution, private label collaborations, and strong partnerships within the diplomatic and hospitality sectors,” he shares.
Globally, Cotnari continues to expand across Europe, Asia, and the Americas. “We focus on relationships, not transactions — that’s how we grow.”


Early Success and Future Ambitions

Cotnari’s journey in India is still young but promising. “Sales are at an early stage, but interest is growing among importers, hotels, and diplomatic channels,” says Mihai. “To accelerate growth, we plan to educate consumers about Romanian wines and introduce tailored collections suited for Indian preferences.”


The Art of Selling Wine

When asked what makes a great salesperson, Mihai is quick to answer: “Empathy, integrity, and vision. You must understand people, believe in your product, and be patient enough to build real trust. In the wine business, it’s not about selling — it’s about building relationships that last.”


Strengths, Weaknesses, and Lessons Learned

“My greatest strength lies in connecting people and creating partnerships based on trust,” he reflects. “I bring energy and long-term perspective to every project. My weakness? Sometimes I’m too passionate about perfection — I want everything to reflect the highest standard.”


Profit, Loss, and the Power of Resilience

“Both profit and loss are part of growth,” Mihai says thoughtfully. “When things go well, I study why. When challenges appear, I see them as feedback, not failure. Resilience and constant improvement are key to keeping a brand strong.”


Teamwork and Collaboration in India

“Working with people in India has been inspiring,” he says with enthusiasm. “The openness and creativity I’ve experienced here are remarkable. Building our local team means sharing values, not just strategies.”


Global Networking and Technology

“Networking is the foundation of our expansion,” Mihai explains. “We’ve built partnerships across Europe, Asia, and the Americas, always based on shared trust. Technology plays a big role too — from digital marketing and CRM systems to virtual tastings, it helps us stay connected with global partners in real time.”


Mentoring the Next Generation

Mihai also believes in guiding young professionals. “I’ve trained several junior colleagues in export, negotiation, and market development. Watching them grow into confident professionals is one of the most rewarding parts of my job.”


Looking Ahead: Cotnari’s Vision for India

“Our next step is to establish long-term partnerships with importers, hotels, and diplomatic suppliers to ensure continuous visibility for Cotnari wines in India,” Mihai concludes. “We’re also curating a special collection designed to suit Indian tastes. For us, India is not just a market — it’s a partnership for the future.”


Through his passion and dedication, Mihai Necula continues to bridge Romanian tradition with global innovation — one glass of wine at a time.

Written by Shiva Nayak, a Director & writer covering global business, trade, and emerging markets.

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Health & Beauty

The Only Skincare Shortcut Your Festive Calendar Needs

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Vitamin C Brightening Serum

Blend, Glow, Repeat with Magical Blends!

The Only Skincare Shortcut Your Festive Calendar Needs

Diwali is almost here, and while you’re busy picking outfits and gifts, don’t forget the most important accessory — glowing, healthy skin. Enter Magical Blends, India’s first patented personalised skincare system, designed to take the guesswork out of your routine.

Vitamin C Brightening Serum
Renewing Overnight Serum (Ceramides + Squalane)

Their AM-to-PM Festive Regime is fuss-free, effective, and perfect for this season of endless soirées. Think glow-boosting actives, overnight repair heroes, brightening serums and a nourishing base that work as hard as you do.

Glow Boosting Serum (Niacinamide-powered)
Targets dullness and blemishes, strengthens the skin barrier, and gives you that fresh, lit-from-within glow.

Renewing Overnight Serum (Ceramides + Squalane)

Vitamin C Brightening Serum
Fades pigmentation and dark spots, boosts collagen production, and revives tired skin for that even-toned festive radiance.

Renewing Overnight Serum (Ceramides + Squalane)
Your bedtime saviour — hydrates, nourishes, and repairs while you sleep, keeping fine lines and fatigue away. Gives you a youthful feel to your skin so it never feels stretchy or itchy.

Deep Nourishing Cream 

A rich, non-sticky moisturiser that hydrates, soothes, and softens with shea and cocoa butters. Clean, and comforting — your skin’s daily dose of lasting nourishment.

The twist? Magical Blends’ blend-it-yourself system. Just add 3–4 drops of your chosen serum(s) to the nourishing cream, mix, and apply. Custom care in under a minute — no 10-step rituals, just results.

Good to know: Dermat-tested | Vegan & Plant-based actives | No sulphates, mineral oil, or artificial fragrance or colour | Cruelty-free
Price: From ₹300 onwards.
Shop here: magicalblends.in

This festive season, glow isn’t optional — it’s personal. 

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